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What is an institutional asset manager and how to become one

Updated January 8, 2025
3 min read
There is more than meets the eye when it comes to being an institutional asset manager. For example, did you know that they make an average of $33.7 an hour? That's $70,086 a year! Between 2018 and 2028, the career is expected to grow 17% and produce 123,100 job opportunities across the U.S.
ScoreInstitutional Asset ManagerUS Average
Salary
5.5

Avg. Salary $70,086

Avg. Salary $59,228

Stability level
8.0

Growth rate 17%

Growth rate 0.3%

Diversity
3.4
Race

American Indian and Alaska Native 0.66%

Asian 8.89%

Black or African American 7.53%

Hispanic or Latino 12.62%

Unknown 4.69%

White 65.60%

Gender

female 44.32%

male 55.68%

Age - 47
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 47
Stress level
8.0

Stress level is high

7.1 - high

Complexity level
9.5

Complexity level is advanced

7 - challenging

Work life balance
4.5

Work life balance is fair

6.4 - fair

Institutional asset manager career paths

Key steps to become an institutional asset manager

  1. Explore institutional asset manager education requirements

    Most common institutional asset manager degrees

    Bachelor's

    66.7 %

    Master's

    24.9 %

    Associate

    2.8 %
  2. Start to develop specific institutional asset manager skills

    SkillsPercentages
    Patient Care28.52%
    IRB13.56%
    Clinical Trials13.36%
    Financial Reports7.91%
    CRM7.46%
  3. Complete relevant institutional asset manager training and internships

    Accountants spend an average of 6-12 months on post-employment, on-the-job training. New institutional asset managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an institutional asset manager based on U.S. Bureau of Labor Statistics data and data from real institutional asset manager resumes.
  4. Research institutional asset manager duties and responsibilities

    • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
    • Coordinate the development and management of appropriate personnel information, management database providing seamless integration with payroll and other school functions.
    • Conduct weekly seminars on recruiting new members and competitive lenders.
  5. Apply for institutional asset manager jobs

    Now it's time to start searching for an institutional asset manager job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first institutional asset manager job

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Average institutional asset manager salary

The average institutional asset manager salary in the United States is $70,086 per year or $34 per hour. Institutional asset manager salaries range between $41,000 and $117,000 per year.

Average institutional asset manager salary
$70,086 Yearly
$33.70 hourly

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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